TFS Financial CFO exercises 80K options, sells shares
TFS Financial CORP Chief Financial Officer Meredith S. Weil reported an option exercise and related share dispositions.
Rhea-AI Filing Summary
TFS Financial CORP Chief Financial Officer Meredith S. Weil reported an option exercise and related share dispositions. She exercised employee stock options for 80,000 shares of common stock at $14.74 per share, then delivered 75,895 shares to the issuer to cover the option exercise price and taxes and sold 4,105 shares in the open market at $15.91 per share. After these transactions, she holds 38,480 common shares directly and 386 shares indirectly through a 401(k), along with unexercised options for 54,400 shares at an exercise price of $19.31 and multiple restricted and performance stock unit awards tied to future vesting and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
WEIL MEREDITH S
Role
Chief Financial Officer
Sold
4,105 shs ($65K)
Approx. gross sale proceeds
$65K
Approx. exercise cost
$1.18M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 80,000 | $14.74 | $1.18M |
| Exercise | Common Stock | 80,000 | $14.74 | $1.18M |
| Exercise Price or Tax Liability | Common Stock | 75,895 | $15.90 | $1.21M |
| Sale | Common Stock | 4,105 | $15.91 | $65K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Share Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 161,900 contracts for 54,400 underlying shares (Direct);
Common Stock — 38,480 shares (Direct);
Restricted Stock Units — 35,967 contracts (Direct);
Performance Restricted Share Units — 12,700 contracts (Direct);
Common Stock — 386 shares (Indirect, By 401(k))
Footnotes (12)
- F1. These common shares were acquired upon the exercise and settlement of certain stock options.
- F2. Shares are held with shared voting power with spouse.
- F3. These common shares were delivered to the issuer to pay for the options exercise price and applicable withholding tax due upon the exercise of certain stock options.
- F4. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- F5. As reported on a Form 4 dated January 8, 2018, the reporting person received a grant of 187,500 stock options. These stock options vest in three equal annual installments beginning December 10, 2018.
- F6. Each restricted and performance stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted and performance stock units are entitled to dividend equivalent rights in the form of a cash payment in the amount of any cash dividend paid per share of common stock.
- F7. On December 18, 2025, the reporting person received a grant of 16,500 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026.
- F8. On November 25, 2025, the reporting person achieved performance level of 100% on a target award of 12,700 Performance Share Units ("PSUs"), resulting in a total earned award of 12,700 shares. This represents the final determination a March 4, 2024 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2025. Each PSU represents a contingent right to receive one share of TFS Financial Corporation common stock and are entitled to dividend equivalent rights in the form of a cash payment in the amount of any cash dividend paid per share of common stock during the period the award was outstanding. The shares and dividend equivalent payment will vest and distribute to the reporting person on December 10, 2026.
- F9. As reported on a Form 4 dated September 29, 2011, the reporting person received a grant of 3,600 restricted stock units that vest in four equal annual installments beginning May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation.
- F10. On December 19, 2024, the reporting person received a grant of 16,600 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.
- F11. On March 4, 2024, the reporting person received a grant of 14,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024.
- F12. As reported on a Form 4 dated December 15, 2016, the reporting person received a grant of 79,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2017.
Key Figures
Options exercised: 80,000 shares at $14.74
Shares sold: 4,105 shares at $15.91
Shares used for price and tax: 75,895 shares at $15.90
+4 more
7 metrics
Options exercised
80,000 shares at $14.74
Employee stock option exercise on June 2, 2026
Shares sold
4,105 shares at $15.91
Open-market sale of common stock on June 2, 2026
Shares used for price and tax
75,895 shares at $15.90
Delivered to issuer for exercise price and withholding tax
Direct common holdings after
38,480 shares
Direct ownership following reported transactions
Indirect 401(k) holdings
386 shares
Common stock held indirectly via 401(k) plan
Unexercised options
54,400 shares at $19.31
Employee stock options expiring December 15, 2026
Performance share units
12,700 units
PSUs earned at 100% of target for period ending Sept. 30, 2025
Key Terms
Restricted Stock Units, Performance Share Units, dividend equivalent rights, stock options, +1 more
5 terms
Restricted Stock Units financial
"On December 18, 2025, the reporting person received a grant of 16,500 Restricted Stock Units (RSUs)."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"Restricted and performance stock units are entitled to dividend equivalent rights in the form of a cash payment"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
stock options financial
"the reporting person received a grant of 187,500 stock options. These stock options vest in three equal annual installments"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
Section 16 of the Securities Exchange Act regulatory
"Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did TFS Financial (TFSL) CFO Meredith Weil report in this Form 4?
She reported exercising options for 80,000 common shares at $14.74, delivering 75,895 shares to the issuer for exercise price and taxes, and selling 4,105 shares at $15.91, while updating her remaining equity holdings and awards.
What stock options did the TFS Financial (TFSL) CFO exercise and what remains outstanding?
She exercised employee stock options covering 80,000 TFS Financial shares at $14.74 per share. The filing also shows remaining unexercised options for 54,400 shares with a $19.31 exercise price, expiring on December 15, 2026, plus other equity awards.
How were taxes and exercise costs paid in the TFS Financial (TFSL) CFO’s Form 4 transactions?
The filing states that 75,895 common shares were delivered back to TFS Financial to pay the option exercise price and applicable withholding taxes, while 4,105 shares were sold in the open market at $15.91 per share on the same reported date.
What restricted and performance stock units does the TFS Financial (TFSL) CFO hold?
She holds multiple restricted stock unit and performance share unit awards, including 16,500 RSUs granted on December 18, 2025 and 12,700 performance share units tied to a two-year performance period, each representing rights to receive one TFS Financial common share plus dividend equivalents.
AI-generated analysis. How Rhea-AI works. Not financial advice.
